E Fund Management Co. Ltd. Has $30.54 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

E Fund Management Co. Ltd. lowered its position in ASML Holding (NASDAQ:ASML) by 0.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,131 shares of the semiconductor company’s stock after selling 21 shares during the quarter. ASML accounts for approximately 2.4% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 14th largest position. E Fund Management Co. Ltd.’s holdings in ASML were worth $30,535,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of ASML in the first quarter valued at about $25,000. Avalon Trust Co acquired a new stake in ASML during the 1st quarter valued at approximately $27,000. Impact Partnership Wealth LLC bought a new position in ASML during the 2nd quarter worth approximately $28,000. Spotlight Asset Group Inc. bought a new stake in shares of ASML in the 2nd quarter valued at $29,000. Finally, HBC Financial Services PLLC acquired a new stake in shares of ASML during the first quarter worth $31,000. 18.94% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Down 1.4 %

ASML stock traded down $9.98 during midday trading on Tuesday, reaching $684.33. 291,520 shares of the company’s stock traded hands, compared to its average volume of 1,027,284. The company has a quick ratio of 0.81, a current ratio of 1.33 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $610.16 and its 200-day moving average price is $663.77. ASML Holding has a 52 week low of $529.01 and a 52 week high of $771.98. The company has a market cap of $270.03 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 1.31 and a beta of 1.46.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, October 18th. The semiconductor company reported $5.23 EPS for the quarter, topping the consensus estimate of $5.00 by $0.23. The company had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.49 billion. ASML had a net margin of 28.44% and a return on equity of 73.29%. As a group, sell-side analysts forecast that ASML Holding will post 20.62 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Thursday, November 2nd were issued a dividend of $1.5337 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $6.13 annualized dividend and a yield of 0.90%. ASML’s dividend payout ratio (DPR) is currently 25.23%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Susquehanna cut their price target on shares of ASML from $850.00 to $810.00 and set a “positive” rating on the stock in a research report on Thursday, October 12th. Raymond James began coverage on ASML in a research note on Tuesday, October 17th. They set a “strong-buy” rating and a $725.00 target price for the company. Sanford C. Bernstein lowered ASML from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $810.00 to $785.00 in a research note on Friday, July 28th. JPMorgan Chase & Co. cut their price target on ASML from $732.00 to $726.00 and set an “overweight” rating on the stock in a report on Thursday, October 19th. Finally, StockNews.com initiated coverage on shares of ASML in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $757.29.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.